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Louisiana State University

1988

Economics

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An Analysis Of Rice Import Demand In Selected Asian Economies., Wijepala Rupasinghe Jayawardana Jan 1988

An Analysis Of Rice Import Demand In Selected Asian Economies., Wijepala Rupasinghe Jayawardana

LSU Historical Dissertations and Theses

The primary purpose of this study was to analyze the rice import demand behavior in seven Asian countries namely, India, Indonesia, the Republic of Korea, Malaysia, the Philippines, Sri Lanka and Bangladesh. Three rice import demand models were estimated, the direct demand model which treats imports as a function of border prices and income, the residual import demand model where the imports are the excess of consumption over domestic production, and the reduced form model which incorporates both domestic demand and supply variables. Import demand functions were estimated by the ordinary least squares (OLS) method. Seemingly unrelated regression (SUR) was …


The Impact Of The Anticipated And Unanticipated Components Of Public Debt On Output., Patricia A. Freeman Knight Jan 1988

The Impact Of The Anticipated And Unanticipated Components Of Public Debt On Output., Patricia A. Freeman Knight

LSU Historical Dissertations and Theses

This dissertation examines the impact of the anticipated and unanticipated components of government debt on real output when Barro's equations for debt growth and money growth are used as the starting points in specifying anticipated debt and money growth equations using an atheoretical statistical technique. The unanticipated debt and money variables are defined as the residual of the anticipated debt and money growth equations, respectively. Output equations are specified using the same criteria that are used to specify the anticipated debt and money growth equations, and Barro's equation for real GNP is used as the starting point in the specification. …


Three Essays On The Welfare Effects Of Factor Immobility And Price Uncertainty For A Country Experiencing Growth, Entering A Customs Union And Giving Or Receiving A Unilateral Transfer., Carolyn Margaret Landry Jan 1988

Three Essays On The Welfare Effects Of Factor Immobility And Price Uncertainty For A Country Experiencing Growth, Entering A Customs Union And Giving Or Receiving A Unilateral Transfer., Carolyn Margaret Landry

LSU Historical Dissertations and Theses

This dissertation presents an intertemporal model with two degrees of endogenously determined labor mobility: complete immobility in the short run and partial mobility in the long run. It examines the impact on welfare when, in response to a change in an exogenous variable, the nation adjusts its output ratio. The movement of factors between sectors is necessary but in the case of labor, that does not take place at first because of labor's slowness in responding to a developing wage differential. The consequent contraction of the product transformation curve is welfare reducing. Uncertainty about the future terms of trade is …


Stein-Like Estimation And Inference., Lee Chester Adkins Jan 1988

Stein-Like Estimation And Inference., Lee Chester Adkins

LSU Historical Dissertations and Theses

The dissertation addresses three issues in the use of Stein-like estimators of the classical normal linear regression model. The St. Louis equation is used to generate out-of-sample forecasts using least squares. These forecasts are compared to those produced by restricted least squares, pretest, and members of a general family of minimax shrinkage estimators using the root-mean-square error criterion. Bootstrap confidence intervals and ellipsoids are constructed which are centered at least squares and James-Stein estimators and their coverage probability and size is explored in a Monte Carlo experiment. A Stein-like estimator of the probit regression model is suggested and its quadratic …


A Theory And Empirical Test Of Retail And Office Lease Contracting., John Durland Benjamin Jan 1988

A Theory And Empirical Test Of Retail And Office Lease Contracting., John Durland Benjamin

LSU Historical Dissertations and Theses

This dissertation describes how retail and office lease provisions can be written to minimize contracting issues between transacting parties. Testable hypotheses regarding the allocation of risks and the reduction of opportunistic behavior, by lease provisions, are proposed. An empirical model which uses Rosen's (1974) well-known theory of hedonic price estimation is developed to test for the economic impact of specific retail and office lease provisions. Two unique data sets are employed which minimize non-provision variation between leased spaces. The first data set contains one hundred and three shopping center leases from neighborhood and community shopping centers which are all of …


Three Essays On The Microstructure Of Financial Markets., William Jean Wilhelm Jr Jan 1988

Three Essays On The Microstructure Of Financial Markets., William Jean Wilhelm Jr

LSU Historical Dissertations and Theses

The dissertation is composed of three related essays on the microstructure of financial markets. The first extends the work of Glosten and Milgrom (23) by examining prices in a market where dealers are heterogeneous and information is distributed asymmetrically across market participants. The second essay is an examination of some of the special pricing problems faced by dealers in the options market. Particular attention is given to the consequences of instantaneously perfect correlation in the expected returns of options on the same underlying equity. This relation is shown to imply a systematic relation among the bid-ask spreads for such options …